Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.

Financial Strength

4/10

Name	Current	Vs Industry
Cash-To-Debt	0.08
Equity-to-Asset	0.09
Debt-to-Equity	8.77
Debt-to-EBITDA	5.43
Interest Coverage	3.28
Piotroski F-Score	8/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	1.16	Distress Grey Safe
Beneish M-Score	-2.88	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

3/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	5.1
	3-Year EBITDA Growth Rate	10.6
	3-Year EPS without NRI Growth Rate	14.6
	3-Year FCF Growth Rate	17.2
	3-Year Book Growth Rate	0.1
	Future 3-5Y EPS without NRI Growth Rate	3.45
	Future 3-5Y Total Revenue Growth Rate	0.18

Momentum Rank

10/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	37.12
	9-Day RSI	36.49
	14-Day RSI	37.16
	6-1 Month Momentum %	12.11
	12-1 Month Momentum %	5.05

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.04
	Quick Ratio	1.04
	Cash Ratio	0.63
	Days Sales Outstanding	50.64
	Days Payable	547.07

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	7.23
	3-Year Dividend Growth Rate	16.6
	Forward Dividend Yield %	7.23
	5-Year Yield-on-Cost %	6.81
	3-Year Average Share Buyback Ratio	0.3
	Shareholder Yield %	5.52

Profitability Rank

8/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	81.83
	Operating Margin %	49.6
	Net Margin %	40.35
	ROE %	76.16
	ROA %	6.86
	ROIC %	8.74
	ROC (Joel Greenblatt) %	722.9
	ROCE %	11.85
	Years of Profitability over Past 10-Year	10

GF Value Rank

5/10

	Name	Current	Vs Industry		Vs History
	Price-to-FFO	14.16
	PE Ratio	20.13
	Forward PE Ratio	25.48
	PE Ratio without NRI	23.78
	Shiller PE Ratio	19.45
	Price-to-Owner-Earnings	14.22
	PS Ratio	8.12
	PB Ratio	15.36
	Price-to-Tangible-Book	15.51
	Price-to-Free-Cash-Flow	14.64
	Price-to-Operating-Cash-Flow	11.68
	EV-to-EBIT	19.75
	EV-to-EBITDA	14.36
	EV-to-Revenue	12.4
	EV-to-FCF	22.37
	Price-to-Projected-FCF	1.56
	Price-to-Median-PS-Value	0.89
	Price-to-Graham-Number	4.06
	Earnings Yield (Greenblatt) %	5.06
	FCF Yield %	6.85
	Forward Rate of Return (Yacktman) %	4.95

GF Value

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